FHA Mortgage Delinquencies Hit 17.5%. In 30 Metros, over 20%: On the Other Side of a Red-Hot Housing Market by Wolf Richter • Mar 24, 2021 • 226 Comments Everything is on ice. But when forbearance ends, forced sellers or lenders will put millions of these homes on the market.
Bank of Canada Announces Balance Sheet Reduction, Suddenly Worried about “Moral Hazard” by Wolf Richter • Mar 23, 2021 • 90 Comments “Once crisis tools have served their purpose, central banks should scale them back.”
WeWork at it Again: Loses $3.2 Billion, Plans to Go Public via SPAC by Wolf Richter • Mar 23, 2021 • 117 Comments To be honest, the WTF SPAC bubble wouldn’t be complete without a WeWork listing that lets SoftBank get out.
Everyone Knows the Housing Market Craziness Can’t Last, then the First Dip Turns into a Big Drop by Wolf Richter • Mar 22, 2021 • 194 Comments Now they’re wondering why.
First Signs that Surging Mortgage Rates Are Dialing Down the Heat under the Housing Market by Wolf Richter • Mar 21, 2021 • 142 Comments The Fed smiles upon rising long-term Treasury yields as sign of economic growth and rising inflation expectations.
What’s Going to Happen with All that Empty Office Space? by Wolf Richter • Mar 20, 2021 • 135 Comments Wolf Richter on Howestreet.com.
Powell in WSJ Op-ed: “I Truly Believe that We [the Rich] Will Emerge from this Crisis Stronger and Better, as We [the Rich] Have Done so Often Before” by Wolf Richter • Mar 19, 2021 • 338 Comments Gimme a break, will ya? Wherein I rant, supported by the Fed’s own data.
Market Manias Galore, But Long-Term Interest Rates Smell a Rat by Wolf Richter • Mar 18, 2021 • 122 Comments These manias and the rising long-term interest rates are on collision course.
Shock-and-Awe Rate Hikes Begin in the Emerging Markets amid Surging Inflation by Wolf Richter • Mar 18, 2021 • 113 Comments “A front-loaded and strong additional monetary tightening.”
Plastics & Semiconductor Shortages, Container Port Backlogs, the Texas Freeze Wreak Havoc on US Auto Manufacturing by Wolf Richter • Mar 17, 2021 • 136 Comments Americans trying to buy a new vehicle will end up paying more.
